[Asia Economy Reporter Oh Ju-yeon] In the third quarter of this year, the exercise amount of stock-related bonds through the Korea Securities Depository exceeded 1 trillion won.
On the 23rd, the Korea Securities Depository announced that the exercise amount of stock-related bonds in the third quarter of this year was 1.0726 trillion won, a 76.2% increase compared to the previous quarter (608.7 billion won). The number of exercises of stock-related bonds was 2,490 cases, an 85.1% increase compared to the previous quarter (1,345 cases).
The Depository analyzed that "this is estimated to be due to the stock prices of companies issuing stock-related bonds exceeding the exercise price."
By type, the number of exercises for Convertible Bonds (CB) was 1,650 cases, a 76.8% increase compared to the previous quarter (933 cases); Exchangeable Bonds (EB) were 93 cases, a 173.5% increase compared to the previous quarter (34 cases); and Bonds with Warrants (BW) were 747 cases, a 97.6% increase compared to the previous quarter (378 cases).
The exercise amount for CB was 834.4 billion won, a 69.5% increase compared to the previous quarter (492.3 billion won); EB was 96.1 billion won, a 48.8% increase compared to the previous quarter (64.6 billion won); and BW was 142.1 billion won, a significant 174.3% increase compared to the previous quarter (51.8 billion won).
The top stock-related bond exercise amounts in the third quarter were Hyundai Rotem 30th CB (235.5 billion won), CS Wind 1st EB (35.4 billion won), and Doosan Infracore 1st BW (25.2 billion won), respectively.
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